Overview
- HBAR fell 11.5% to $0.1281 after sliding from $0.1426, with CoinDesk reporting a 250.3 million-unit sell wave at 07:00 GMT that pushed volume 98% above average.
- Analysts now mark support at $0.1277–$0.1281, see former support at $0.1350 acting as resistance, and identify $0.1400 as the near-term cap on rebounds.
- Price action traced a descending channel with consecutive lower highs and heavier volume on each leg down, reinforcing a bearish market structure.
- Trading activity froze at the session low following rapid volume spikes, which the report says could reflect aggressive absorption or a technical halt.
- Thursday’s breakdown to $0.1373 from the $0.145 support featured a two-minute trading halt with zero recorded volume and dramatic volume whipsaws, underscoring ongoing market-structure stress.